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opposed the obama administration's eva asia pivot were the military surge of throughout asia to contain china all of these things and he's he's been hit with a lot of criticism but it's interesting to know that a guy like that could possibly sit in the seat that was previously occupied by panetta and rumsfeld so there is some change in the obama straight and has even though it isn't it intervened unfortunately in places like syria to a limited degree and has heart imposed harsh sanctions on iran i think a lot of the bush crew might have already intervened and so you know as much of a warmonger as obama is there isn't a a a fortunate slight change in foreign policy from the bush years well what do you think what's the setting in america tell my foreign audience how americans are ending the year you know is a good mood i mean we have the newtown shooting which is really heart wrenching his america changed in this year. you know what not a lot of changed the republican party opposing obama at every juncture and not negotiating with them right now the fiscal cliff is coming and we're all going to
opposed the obama administration's eva asia pivot were the military surge of throughout asia to contain china all of these things and he's he's been hit with a lot of criticism but it's interesting to know that a guy like that could possibly sit in the seat that was previously occupied by panetta and rumsfeld so there is some change in the obama straight and has even though it isn't it intervened unfortunately in places like syria to a limited degree and has heart imposed harsh sanctions on...
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china operations are all today.
china operations are all today.
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Dec 20, 2012
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. >> rose: do you look at the new leadership in china and think they will change the way china is -- >> well, they're a new generation, i've met some of them. but the question -- i think they face enormous questions about their own internal political system i hope that there's a real international opportunity to nationalize their currency. instead of that being a threat it's an opportunity for london as a financial center to be the place where ewan trading takes place and, in fact the last couple of months for the first time in our history a chinese bank issues and rnb bond outside china and hong kong so that's because of a lot of hard work in the city of london and with the british government to make britain a place where this new activity takes place. it's a good example of us actually not do so powered by rolls royce engines and airbus planes. the that's a bit anglocentric but there are going to be products and service which is people and these countries will want for the first time in their families histories and there's a real opportunity for western businesses. >> rose: the lar
. >> rose: do you look at the new leadership in china and think they will change the way china is -- >> well, they're a new generation, i've met some of them. but the question -- i think they face enormous questions about their own internal political system i hope that there's a real international opportunity to nationalize their currency. instead of that being a threat it's an opportunity for london as a financial center to be the place where ewan trading takes place and, in fact...
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extension of the suez canal and is of similar strategic importance almost all of europe's trade with china japan india and the rest of asia passes through babel manned up every day that's how important it is some argue that washington sees terrorism and given as a problem in a sense that it could have an adverse impact on economic interests at stake the united states wouldn't be engaged in such a conflict in yemen if it didn't hold very specific geo political and strategic necessity for the u.s. i think most importantly of course is access to this bob on monday straight which is one of the highest trafficked waterways in the world. the u.s. already has a vast military presence in the persian gulf to secure key oil shipping lanes under the banner of chasing terrorists the u.s. is setting up new drone bases on the arabian peninsula including one in djibouti which is on the other side of the strait of babel and that the arrangement that the united states government has with the yemeni government is basically one of bribery we bribe them with money and weapons and in exchange we get to bomb th
extension of the suez canal and is of similar strategic importance almost all of europe's trade with china japan india and the rest of asia passes through babel manned up every day that's how important it is some argue that washington sees terrorism and given as a problem in a sense that it could have an adverse impact on economic interests at stake the united states wouldn't be engaged in such a conflict in yemen if it didn't hold very specific geo political and strategic necessity for the...
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Dec 26, 2012
12/12
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david: coming up right here, china is feeling the need for speed. find out about the record breaking high-speed rail line this thing is enormous. literally goes from one coast to the other. we'll tell you how that is working out coming next.
david: coming up right here, china is feeling the need for speed. find out about the record breaking high-speed rail line this thing is enormous. literally goes from one coast to the other. we'll tell you how that is working out coming next.
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Dec 10, 2012
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than china. partly because of relative wage levels, but also partly because of its proximity to the market and with energy and transport costs being what they are today, you're going to see a lot of change. and the u.s., like our industrialized economies, is going to have opportunities and it needs to prepare itself to exploit those opportunities. >> the ilo director general guy ryder talking to carolin. just a reminder, we spoke to pascal lamy who confirmed they've downgraded the world trade percent this year. that's had an impact on the volume of trade. it did ask him about what he thought the political situation in italy was going to develop and what impact. he said he thought and believed it would be contained, but then, of course, we might expect him to say that, as well. but he was speaking with mario monti earlier in the weekend, as well. on saturday he was with him. >> a diplomatic response, i would expect no less. great stuff from geneva. looking forward to having you back here tomorrow.
than china. partly because of relative wage levels, but also partly because of its proximity to the market and with energy and transport costs being what they are today, you're going to see a lot of change. and the u.s., like our industrialized economies, is going to have opportunities and it needs to prepare itself to exploit those opportunities. >> the ilo director general guy ryder talking to carolin. just a reminder, we spoke to pascal lamy who confirmed they've downgraded the world...
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Dec 30, 2012
12/12
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and, you know, i was in china and the china -- chinese leaders understand this. they don't deny their climate problem. they are engineers and they're rationale, and they don't want to be addicted to fossil fuels the way the united states is and have to protect the supply line around the world, so they are, number one in solar panels, wind power and nuclear power, building thirty nuclear power plants. so i don't -- but, of course, they do have a major problem with so many people in poverty and they're -- and they need -- they know they need to get them out of poverty or they may -- their government may not survive. so the -- of course, they're doing everything they can to raise the standard of living, but they are planning, by the middle of the century, to really have all their electricity from -- both india and china are really looking to go non-fossil fuel. but to make that happen soon enough, we have to have a price on carbon. >> well, i'm gonna touch quickly on the keystone xl pipeline then we're gonna have the audience participation. you've been an opponent o
and, you know, i was in china and the china -- chinese leaders understand this. they don't deny their climate problem. they are engineers and they're rationale, and they don't want to be addicted to fossil fuels the way the united states is and have to protect the supply line around the world, so they are, number one in solar panels, wind power and nuclear power, building thirty nuclear power plants. so i don't -- but, of course, they do have a major problem with so many people in poverty and...
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china operations are today. good afternoon welcome to capital account i'm lauren lyster here in washington d.c. these are your headlines for thursday december thirteenth two thousand and twelve municipal bonds traditionally seen as a safe investment worth the basis of marin's whitney's crisis warnings in two thousand and ten now she predicted hundreds of billions of dollars in default over the next twelve months which never really came to be but since then we have seen some high profile city bankruptcies particularly in my home state of california so is there a dark underbelly lurking in muni landed how might the fiscal cliff impact this three point seven trillion dollar market we'll ask the author of the reuters dot com muni land column long and you may wonder how the fiscal cliff impacts news well it's a potential change to the tax exempt status of municipal bond interest yeah out there for.
china operations are today. good afternoon welcome to capital account i'm lauren lyster here in washington d.c. these are your headlines for thursday december thirteenth two thousand and twelve municipal bonds traditionally seen as a safe investment worth the basis of marin's whitney's crisis warnings in two thousand and ten now she predicted hundreds of billions of dollars in default over the next twelve months which never really came to be but since then we have seen some high profile city...
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Dec 18, 2012
12/12
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margin ways, specifically india and china. you have large dividend yield, low debt, very cheap and will hold up better because expectations, there's not many of them. the stock is, i think, a very good opportunity because expectations are so low. >> mack, good to see you. >>> time now for what you might have missed in pops and drops. arcos dorados. >> it's playing it down low. it isn't that great a move. i think you wait to buy it above the 50, $12.90, great stock. >>> baker hughes, up 3%. >> some negative comments, took bhi down and the comments at bhi were not really as negative as the street thought. at $42 a little room on the upside. will take you higher. >> abercrombie. >> too expensive for me. can't get on board here. >> down 1%. >> keep your eyes on your fries. this thing is a big deal. a lot of people in bonds, a lot of flow into bonds. they could head out. i think you see follow through and cut our fixed exposure to 2%. >> mike. >> today, there was news the eu might require larger warning labels on cigarettes, negati
margin ways, specifically india and china. you have large dividend yield, low debt, very cheap and will hold up better because expectations, there's not many of them. the stock is, i think, a very good opportunity because expectations are so low. >> mack, good to see you. >>> time now for what you might have missed in pops and drops. arcos dorados. >> it's playing it down low. it isn't that great a move. i think you wait to buy it above the 50, $12.90, great stock....
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Dec 11, 2012
12/12
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china is still positive in the fourth quarter. china is going to show a slow and steady improvement. so we need those. >> higher expectations stronger in the likes of taiwan, india and brazil. let's go back to where you say they're weakest. greece, italy, spain, the netherlands. this is a very weak feature, indeed. how bad in it? >> it's bad. the eurozone is the global economic problem now. if you look at asia where i just returned from, both countries are feeling optimistic. but they seem to be inwardly focused now by being a triangle of china, india, indonesia. we're not seeing a great benefit into europe as we did before. for instance, germany is looking pretty pessimistic. based on its lack of export performance to places like china. >> yeah. when the bundes bank came out and shortly downgraded forecasts, how is the employment picture? if you've got a relatively healthy china and the u.s. consumer bounce back, wouldn't that help germany? >> it certainly would. germany is relatively flat in terms of the employment outlook. so i
china is still positive in the fourth quarter. china is going to show a slow and steady improvement. so we need those. >> higher expectations stronger in the likes of taiwan, india and brazil. let's go back to where you say they're weakest. greece, italy, spain, the netherlands. this is a very weak feature, indeed. how bad in it? >> it's bad. the eurozone is the global economic problem now. if you look at asia where i just returned from, both countries are feeling optimistic. but...
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Dec 17, 2012
12/12
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CNBC
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still sold iphones in china eye poen is 51% of apple's total revenue. you cannot understate or overstate the importance of that. >> the best first week of sales ever. >> if you weren't seeing the hobbit, you were buying an iphone. or beth. a both /* both. you were tweeting about the hobbit on your new iphone. >> john the day john forte has been salivating about for hours. the end of january, here in new york city. stock, look at the recent run, by the way. up more than 50% in about 30 trading days. led us to ask the question, is everything fine? >> that's a u shaped recovery. look that. a perfect u. >> it spp what do you say, john? is research in motion back, baby? >> no, not yet. >> i tried. >> i know. it doesn't take much to make me salivate today because all i've had to eat is a protein bar. blackberry 10 is exciting. but we still don't know exactly what is coming there yet. couple things. for the quarter report willing tomorrow, revenues are about half. if they meet expectations, or if they meet a little, they are expecting an eps loss of 35%. secon
still sold iphones in china eye poen is 51% of apple's total revenue. you cannot understate or overstate the importance of that. >> the best first week of sales ever. >> if you weren't seeing the hobbit, you were buying an iphone. or beth. a both /* both. you were tweeting about the hobbit on your new iphone. >> john the day john forte has been salivating about for hours. the end of january, here in new york city. stock, look at the recent run, by the way. up more than 50% in...
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Dec 19, 2012
12/12
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/china relationship? >> well, i think that it's a little too early to tell that this is symptomatic of the new administration. but i do expect that there will be progress in certain areas. china has been asking the u.s. to lift restrictions on high-tech exports. and i gather that the obama administration is consider something kind of overhaul of the current restrictions. so there might be some change there was benefit to china. and on the u.s. side, the u.s. would like china to lift restrictions on imports of livestock. and it looks like china is willing to do that on a gradual basis. so i think that there would be some positives coming out of these meetings today and tomorrow. >> and lastly, frank, what would be the most significant policy move period to come from this. again, aside from the news we've already heard about the import duties, are you looking for any big-name tie-ups, or is this about meeting and shaking hands, especially because the u.s. leadership still isn't settled, erkts speci especial
/china relationship? >> well, i think that it's a little too early to tell that this is symptomatic of the new administration. but i do expect that there will be progress in certain areas. china has been asking the u.s. to lift restrictions on high-tech exports. and i gather that the obama administration is consider something kind of overhaul of the current restrictions. so there might be some change there was benefit to china. and on the u.s. side, the u.s. would like china to lift...
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Dec 10, 2012
12/12
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china's holding of u.s. debt, too, has increased by over 50% in the course of president obama's presidency, so they own -- they already own about 33% of our -- 21% of our treasury securities, or at least they own most of the foreign ownership. >> they're the largest foreign holder of u.s. debt. megyn: thank you. okay. so on top of that, then their ownership of our debt has increased more than 50% over the past four years. is this a good thing? we need somebody to be buying us up. [laughter] >> well, good or bad, we are desperate borrowers, desperately looking for those who will buy our debt. because this nation depends on debt. 46 cents out of every dollar we have to borrow now for just the federal government. megyn: first we go to ourselves, right? first we go to american citizens and say would you like to buy some of america, and then we'll pay you back when we can? so we're number one, but china number two in terms of owning u.s. debt? >> the largest foreign holder, 22% of treasuries, over a trillion doll
china's holding of u.s. debt, too, has increased by over 50% in the course of president obama's presidency, so they own -- they already own about 33% of our -- 21% of our treasury securities, or at least they own most of the foreign ownership. >> they're the largest foreign holder of u.s. debt. megyn: thank you. okay. so on top of that, then their ownership of our debt has increased more than 50% over the past four years. is this a good thing? we need somebody to be buying us up....
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china operations are today. go. which part would i say it struck me more. ok everywhere you moved you to watch the booby traps of pineapple hanging on a shotgun shells the rat traps face level the. laws rock a warhead in a freezer the. dragon two hanging over the doorway and out the suitcase in the free trade we just had to blow it up to you you knew his boot drive his saw the way. we found some additional explosives and four automatic weapon stuff also found in area brotherhood play which really shocked me i never got the impression from. talking with the. they had a political agenda no if they were terrorists they could make bank by selling the explosives that they're already had out of the bombs judge you on the videos and i think they just like to play war it just became their lifestyle it's like you or i would go fishing. there would have a family gathering to go out and they would take things with them and blow them up . shtetl program to tracy these from coming in the bomb squad mike the fire chief and they get me in. money.
china operations are today. go. which part would i say it struck me more. ok everywhere you moved you to watch the booby traps of pineapple hanging on a shotgun shells the rat traps face level the. laws rock a warhead in a freezer the. dragon two hanging over the doorway and out the suitcase in the free trade we just had to blow it up to you you knew his boot drive his saw the way. we found some additional explosives and four automatic weapon stuff also found in area brotherhood play which...
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Dec 5, 2012
12/12
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romney drew the wrath of china's news agency for promising to label them a currency manipulator. unfortunately for the mad men, it wasn't just the chinese who were paying attention. a general motors spokesman accused them of entering into a parallel universe with that ad saying jeep was shipping american jobs over to china. >>> finally, a toddler takes in cnbc's fiscal cliff talk. [ laughing ] >> that's like young kids who say they like me saying "let's play hardball." anyway, that's going viral, obviously. >>> up next, 44% of a certain group of americans tell pollsters seceding from the union might be a good idea. who are these people? half think aa.c.o.r.n., which no longer exists, stole the election. what is this fringe called? it's called the gop. wait until you see these stats. it's like jay walking with jay leno. i don't know who these people are. anyway, "hardball," the place for politics, coming up. >>> here's what's happen. iran says it captured a u.s. drone and released a videotape but the u.s. denies losing any. >>> prince william visited his pregnant wife kate at the
romney drew the wrath of china's news agency for promising to label them a currency manipulator. unfortunately for the mad men, it wasn't just the chinese who were paying attention. a general motors spokesman accused them of entering into a parallel universe with that ad saying jeep was shipping american jobs over to china. >>> finally, a toddler takes in cnbc's fiscal cliff talk. [ laughing ] >> that's like young kids who say they like me saying "let's play hardball."...
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Dec 3, 2012
12/12
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we also have an economic competitor and a partner in china. they have a voracious appetite for natural resources and we're looking at new ways to get these in our own backyard, and maybe i will ask you this question, admiral. how important is the china factor in america energy program's going forward? >> i will talk to doubt, but i would like to mention a few puffs things about this report that may not have come out in your opening remarks. we definitely advocating opening of drilling in the united states where we cannot, but there is a very strong part of this report that says it has to be done safely and we know how to do it safely. that is one contribution of those of us who have served in the armed forces, we do a lot of dangerous stuff in the armed forces, fuel, nuclear power, explosives. the way we do that safely is a high standards, rigid enforcement, and very professional inspectors to do it. we strongly recommend applying this model to regulatory body so that we can do this safely, so that we can do oil retractions safely. that we can
we also have an economic competitor and a partner in china. they have a voracious appetite for natural resources and we're looking at new ways to get these in our own backyard, and maybe i will ask you this question, admiral. how important is the china factor in america energy program's going forward? >> i will talk to doubt, but i would like to mention a few puffs things about this report that may not have come out in your opening remarks. we definitely advocating opening of drilling in...
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Dec 1, 2012
12/12
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i didn't get to china or anything. it's a totally different story. ting gets to the point. philadelphia, -- philip auerswald what do you teach? >> i teach economics and social entrepreneurship. i'm a believer in the entrepreneurship as a transformative force in society. it is, of course, thinking about how to address public challenges in an entrepreneur manner. potentially in new life pathway to make the most of that. .. there are many people who work on this topic who have helped move forward on the agenda but louise is one of the man deserves a lot of credit. >> we have been talking with philip auerswald, "the coming prosperity," how entrepreneurs are transforming the global economy. his most recent book. booktv of location at george mason university. >> tell us what you think of our programming this weekend. you can freeze us at booktv, comment on our facebook call or send us an e-mail, booktv, nonfiction books every weekend on c-span2. >> at the end of world war ii we had twelve million men under arms. we have 2,000 flag officers and generals. today we have 1,000 flag o
i didn't get to china or anything. it's a totally different story. ting gets to the point. philadelphia, -- philip auerswald what do you teach? >> i teach economics and social entrepreneurship. i'm a believer in the entrepreneurship as a transformative force in society. it is, of course, thinking about how to address public challenges in an entrepreneur manner. potentially in new life pathway to make the most of that. .. there are many people who work on this topic who have helped move...
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how to start with russia in the ruble well see it really depends on the structure of the economy with china it's obvious that it's better to have a weaker currency because it's export oriented go with russia it's a bit more complicated but i'll bring you all the details in the business bulletin after a short break. more news today violence has once again flared up. these are the images your world has been seeing from the streets of canada. the giant corporations rule today. you know how sometimes you see a story and it seems so for langley you think you understand it and then you glimpse something else and you hear or see some other part of it and realized everything you thought you knew you don't know i'm tom harvey welcome to the big picture. russia would be soo much brighter if you mean about songs from fines to christians . whose fun starts on t.v. don't come. on. hello you're watching business r.t. welcome to the program the currency markets are seeing a lot of volatility lately with the euro reaching a fresh seven month high to the dollar on wednesday it seems that investors have a hi
how to start with russia in the ruble well see it really depends on the structure of the economy with china it's obvious that it's better to have a weaker currency because it's export oriented go with russia it's a bit more complicated but i'll bring you all the details in the business bulletin after a short break. more news today violence has once again flared up. these are the images your world has been seeing from the streets of canada. the giant corporations rule today. you know how...
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Dec 4, 2012
12/12
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i have seen india and china when we went to china in 2004, maybe 2003, the period with an india and china was maybe $2 billion. it was a mango driven trade. today, i think this month the chinese prime minister promised to india we are going to talk 150 billion as the next horizon. this is without, without drawing on line issues but it is drawing on claims. so i think what asia is looking for is that we can have coalitions within each other without necessarily being get david to. now, it's a dangerous game but all games are dangerous, as kissinger made a lifetime career out of asia. but this is the way it is, and military power as a dominant element of strategy will not work. as a background element of strategy, yes. essential, important. it could have for the first time three years ago, there was a conference in which we discussed india and american cooperation in the pacific. never happened before. it doesn't mean that navies are going to march and conquer the items. but we are taking positions which are cooperative, which are dynamic, and which recognize that nations change, people chan
i have seen india and china when we went to china in 2004, maybe 2003, the period with an india and china was maybe $2 billion. it was a mango driven trade. today, i think this month the chinese prime minister promised to india we are going to talk 150 billion as the next horizon. this is without, without drawing on line issues but it is drawing on claims. so i think what asia is looking for is that we can have coalitions within each other without necessarily being get david to. now, it's a...
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Dec 8, 2012
12/12
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could you address the growing chinese assertiveness in south china sea and east china sea in china just announced they're going to intercept -- [inaudible] are going to participate in talks with the chinese and what kind of message would you like to cover quite >> thank you for the question. of course the issues that are being phased in the south china sea and other areas in the north central east asia, i think are quite complicated because of the nature of the territorial dispute. some of them historic, some of them now driven by the need for access to resources in those areas and not to some degree has motivated some of the dvds you see there. the u.s. position as you know is that we don't take sides on territorial disputes. as many of those around the globe, not just the south china sea. but we do want them resolved peacefully without coercion and we call all the parties they are, including the chinese to ensure as they approach these problems that they do so in a way that avoids conflict, that avoids miscalculation, that uses vehicles available today through diplomacy and through th
could you address the growing chinese assertiveness in south china sea and east china sea in china just announced they're going to intercept -- [inaudible] are going to participate in talks with the chinese and what kind of message would you like to cover quite >> thank you for the question. of course the issues that are being phased in the south china sea and other areas in the north central east asia, i think are quite complicated because of the nature of the territorial dispute. some...
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Dec 25, 2012
12/12
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LINKTV
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. >> you know, the traditional medicines of china for 3,000 years, the ayurvedic medicine of india, and the tribal shamanic medicines of all cultures around the world have always taken for granted that mind and body can't be separated. now, western medicine has cleaved the two apart for, really, 2,000 years. socrates already criticized the doctors of his day for separating the mind from the body. and the irony in fact, the tragedy is that now we have the western science that shows, incontrovertibly and in great detail, that mind and body can't be separated, and so that any attempt to do so leaves the medical practitioner short of many tools to help clients. and, of course, it leaves patients short of what they need for their own healing. the point now is that the emotional centers of the brain, which regulate our behaviors and our responses and our reactions, are physiologically connected with and we know exactly how they're connected with the immune system, the nervous system and the hormonal apparatus. in fact, it's no longer possible, scientifically, to speak of these as separate sys
. >> you know, the traditional medicines of china for 3,000 years, the ayurvedic medicine of india, and the tribal shamanic medicines of all cultures around the world have always taken for granted that mind and body can't be separated. now, western medicine has cleaved the two apart for, really, 2,000 years. socrates already criticized the doctors of his day for separating the mind from the body. and the irony in fact, the tragedy is that now we have the western science that shows,...
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Dec 3, 2012
12/12
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america owes more than $16 trillion to debtors like china and that number is growing by billions a day. we are spending $1 trillion a more than we take in every year. you can do the math on that and see if we didn't curb that trend. a day of reckoning will come. nearly 100% of the fight in washington has been about taxes and if we should be raising rates or getting revenue by limiting deductions for that same group. the president has dug in his heels on this issue. treasury secretary timothy geithner making it clear this weekend there will be no deal if rates do not go higher. i don't understand this insistence. if you want to get $100 from me do you care where i get it from? no. you just want your money and the white house is ready and willing to let america go over the cliff over the way the so-called wealthy pay more. something does not make sense here to me. something else makes less sense, namely that we are spending so much time and energy on the tax issue. if we are serious about cutting our deficit we must be having a frank discussion about medicare. the white house and gop hav
america owes more than $16 trillion to debtors like china and that number is growing by billions a day. we are spending $1 trillion a more than we take in every year. you can do the math on that and see if we didn't curb that trend. a day of reckoning will come. nearly 100% of the fight in washington has been about taxes and if we should be raising rates or getting revenue by limiting deductions for that same group. the president has dug in his heels on this issue. treasury secretary timothy...
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Dec 23, 2012
12/12
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he's told chrysler to italians were going to make jeeps in china. romney will fight for every american jobs. >> ibm @ rahm and i approve this message. host: that ad was quickly refuted by the obama campaign. this ad became a real distraction to the campaign in the following weeks. they will say if you looked at where the results were in ohio, where they lost was not in the automobile district but elsewhere. it created a stink over the romney campaign in the final days that hurt him everywhere. to us, this ad captures something important. it is their uneasiness about talking about issues that are not helpful for them earlier on but they had to be talked about. this saw the automobile issue was playing on obama's turf. they were talking about it so it was an issue out there. when you don't talk about it and don't explain it, that's a problem. there was a notion run the campaign, if you are explaining, you are a loser. the problem was by not explaining or even addressing, they let themselves be defined. they realize this late in the game. there was hug
he's told chrysler to italians were going to make jeeps in china. romney will fight for every american jobs. >> ibm @ rahm and i approve this message. host: that ad was quickly refuted by the obama campaign. this ad became a real distraction to the campaign in the following weeks. they will say if you looked at where the results were in ohio, where they lost was not in the automobile district but elsewhere. it created a stink over the romney campaign in the final days that hurt him...
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Dec 31, 2012
12/12
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WRC
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this is a live look at hong kong china. the clock struck midnight. coming up, how people here are getting ready for the new year. >> time is up to avert the fiscal cliff. the last minute scrambling at this house going on behind closed doors. >> and the redskins pull it off. they knock off the cowboys. >> welcome to news 4 midday. >> it's new year's eve, monday, december 31, 2012. >> it's down to the wire. we are less than 24 hours away from hitting the so-called fiscal a cliff right now. the house and senate are striking a deal oh avoid massive tax hikes and spending cuts. derek ward is live with more on what's happening today. >> the end is near. that's the end of the year, of course. what about the path that ends at the end of the fiscal cliff. senators should be back at it. the house reconvened this morning. such new year's eve appearances are on the hill. senate minority leader mitch mcconnell and joe biden kept in place to avoid $200 billion in tax increases. broad stroke spending cuts and domestic and defense spending. they would take effect gr
this is a live look at hong kong china. the clock struck midnight. coming up, how people here are getting ready for the new year. >> time is up to avert the fiscal cliff. the last minute scrambling at this house going on behind closed doors. >> and the redskins pull it off. they knock off the cowboys. >> welcome to news 4 midday. >> it's new year's eve, monday, december 31, 2012. >> it's down to the wire. we are less than 24 hours away from hitting the so-called...
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Dec 4, 2012
12/12
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MSNBCW
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accused them of entering into a parallel universe with that ad saying jeep was shipping american jobs to china. >>> finally a toddler takes in cnbc's fiscal cliff talk. >> that's like young kids who say they like me saying let's play "hardball." that's going viral obviously. >>> up next, 44% of a certain group of americans tell pollsters seceding from the union might be a good idea. who are these people in half the republicans think a.c.o.r.n. which no longer exists stole the election. wait until you see these stats. it's like jay walking with jay le leno. i don't know who these people are. anyway, "hardball," the place for politics, coming up. maybe new buildings? what about updated equipment? they can help, but recent research shows... ... nothing transforms schools like investing in advanced teacher education. let's build a strong foundation. let's invest in our teachers so they can inspire our students. let's solve this. customer erin swenson bought so, i'm happy. today. sales go up... i'm happy. it went out today... i'm happy. what if she's not home? (together) she won't be happy. use ups
accused them of entering into a parallel universe with that ad saying jeep was shipping american jobs to china. >>> finally a toddler takes in cnbc's fiscal cliff talk. >> that's like young kids who say they like me saying let's play "hardball." that's going viral obviously. >>> up next, 44% of a certain group of americans tell pollsters seceding from the union might be a good idea. who are these people in half the republicans think a.c.o.r.n. which no longer...
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Dec 16, 2012
12/12
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CSPAN2
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eye 114
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, american jews and israel, everything from the ship to power in the united states and the west, to china and east. the powers of globalization in the digital era, how to do with the 1.6 billion muslims in the world, threats of iranian nuclear power. and i also look at internal threats. low birthrates, a simulation and again whether we can in effect succeed at a time when we are more successful than ever being integrated in our society. it's a new phenomenon and that's really what i wanted to write the book. i also write about that from an israeli is. i've been to israel maybe 40 times. three times this year alone during the carter and clinton administrations is deeply involved in policies between the u.s. and israel, but i'll say right from the perspective of someone who has relatives in israel, who has spent many, many years in time in israel. so it's a unique give looking from the outside in and the inside out. >> israel was one of the few foreign policy issues in the 2012 campaign. mitt romney saying you won't see many some night. is the u.s. relationship and vice versa a healthy rela
, american jews and israel, everything from the ship to power in the united states and the west, to china and east. the powers of globalization in the digital era, how to do with the 1.6 billion muslims in the world, threats of iranian nuclear power. and i also look at internal threats. low birthrates, a simulation and again whether we can in effect succeed at a time when we are more successful than ever being integrated in our society. it's a new phenomenon and that's really what i wanted to...
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Dec 30, 2012
12/12
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FOXNEWSW
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eye 154
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china, a blizzard slamming inner mongol -- mongolia. the storm started yesterday and dumping three feet of snow by this morning. the temperatures are expected to plummet over the next two days. japan, the newly installed prime minister is taking a tour of the fukushima nuclear plant. a massive earthquake devastated the place in 2011. they are considering plans to phase-out the atomic energy altogether over the next several decades. spain, a flower in the face. it is the annual flower fight using eggs and firecrackers and flour. and it is a day marking the innocence, spain's equivalence of april fool's. it is this fox trip around the world in 80 seconds. >>> a french constitutional panel is saying goodbye to that country's staggering 75% tax rate on the wealthy. the panel has ruled the tax is unconstitutional and unfair. let me say it again. 75% on the wealthy. it was set to kick in at the start of 2013 and will hit anyone hitting a million euros. critics didn't like it. they said it would drive away france's wealthy population. joining
china, a blizzard slamming inner mongol -- mongolia. the storm started yesterday and dumping three feet of snow by this morning. the temperatures are expected to plummet over the next two days. japan, the newly installed prime minister is taking a tour of the fukushima nuclear plant. a massive earthquake devastated the place in 2011. they are considering plans to phase-out the atomic energy altogether over the next several decades. spain, a flower in the face. it is the annual flower fight...
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Dec 30, 2012
12/12
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FOXNEWSW
tv
eye 153
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china, a blizzard slamming inner mongol -- mongolia. the storm started yesterday and dumping three feet of snow by this morning. the temperatures are expected to plummet over the next two days. japan, the newly installed prime minister is taking a tour of the fukushima nuclear plant. a massive earthquake devastated the place in 2011. they are considering plans to phase-out the atomic energy altogether over the next several decades. spain, a flower in the face. it is the annual flower fight using eggs and firecrackers and flour. and it is a day marking the innocence, spain's equivalence of april fool's. it is this fox trip around the world in 80 seconds. >>> a french constitutional panel is saying goodbye to that country's staggering 75% tax rate on the wealthy. the panel has ruled the tax is unconstitutional and unfair. let me say it again. 75% on the wealthy. it was set to kick in at the start of 2013 and will hit anyone hitting a million euros. critics didn't like it. they said it would drive away france's wealthy population. joining
china, a blizzard slamming inner mongol -- mongolia. the storm started yesterday and dumping three feet of snow by this morning. the temperatures are expected to plummet over the next two days. japan, the newly installed prime minister is taking a tour of the fukushima nuclear plant. a massive earthquake devastated the place in 2011. they are considering plans to phase-out the atomic energy altogether over the next several decades. spain, a flower in the face. it is the annual flower fight...
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220
Dec 12, 2012
12/12
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CNBC
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eye 220
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china is getting expensive. everyone needs to respond faster to the consumer. >> as much as a success story as this is for inditex, what kind of read is it for the consumer more broadly? i think about the big u.k. department store talking about a great sudden. is the strength perhaps -- great saturday. is the strength perhaps of the consumer, whether it's driven by overseas visits, underestimated? >> i think you're talking about the employment figures. if adds up. if you look at the u.k. particularly, shoppers are out there. if you look at the numbers that we've seen, john lewis had extremely strong figures, asos had strong figures in the u.k. car sales are hitting new highs over the last several years. with the likes of the german mark's, the luxury's doing the best. people are feeling more confident, particularly if they've been in employment for a while. the key thing -- they are shopping for quality. where they actually get value and quality is really -- those companies are doing particularly well. you are b
china is getting expensive. everyone needs to respond faster to the consumer. >> as much as a success story as this is for inditex, what kind of read is it for the consumer more broadly? i think about the big u.k. department store talking about a great sudden. is the strength perhaps -- great saturday. is the strength perhaps of the consumer, whether it's driven by overseas visits, underestimated? >> i think you're talking about the employment figures. if adds up. if you look at the...
WHUT (Howard University Television)
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Dec 17, 2012
12/12
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WHUT
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. >> just what hours, something like that before in china, another mentally disturbed man went into a school and knifed 23 people, 22 of them children. i think one has died. the difference was, he had a knife. adam lanza had a gun. >> the united states, for better or for worse, is a gun culture. we are a culture that uniquely in the world sees the value and significance and firearms. it is been the case since the founding of the republic. the second amendment is scorned by many people, but it has been there since the beginning and it is very meaningful to millions and millions of people in this country. farmers represent not something evil to many americans -- firearms represent not something evil to many americans, the self-reliance. the american profile. as a result, we end up with a country that is suffused with firearms. >> and "meet the press," the author of the 1994 salt weapons and i and feinstein said she is introducing a bill to reform gun ownership standards in the next congress. >> i'm going to introduce in the senate and the same bill be introduced in the house, a bill to
. >> just what hours, something like that before in china, another mentally disturbed man went into a school and knifed 23 people, 22 of them children. i think one has died. the difference was, he had a knife. adam lanza had a gun. >> the united states, for better or for worse, is a gun culture. we are a culture that uniquely in the world sees the value and significance and firearms. it is been the case since the founding of the republic. the second amendment is scorned by many...
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66
Dec 11, 2012
12/12
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CNBC
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we talked about this on "fast money" a couple of years ago, when -- >> when china restricted rare earth, this was a great stock to be in. it became a broken momentum stock, the story started to fall apart. the last couple of davedays, th stock was up 20% to 30%. >> it's gone from six bucks around the s.e.c. probe time, $11.33 and actually gave back after hours, really effectively what it gained today. the stock still looks some what bull proof -- >> really? >> despite the fact you've seen a move after hours in the change on the ceo, there are some people that said, this guy needs to go. and i think there were questions about the surrounding s.e.c. probe, there were questions about the mine in california, so, i think people might be ultimately outside of, there's never, you know, consistency and some vision from the top, is what everybody wants to see and we don't exact lly know what wee going to get. this isn't necessarily bad news. i'm really saying, a stock that's run this much, for this kind of reaction, i'm just saying, this is not a huge reaction. >> we should be clear. the company
we talked about this on "fast money" a couple of years ago, when -- >> when china restricted rare earth, this was a great stock to be in. it became a broken momentum stock, the story started to fall apart. the last couple of davedays, th stock was up 20% to 30%. >> it's gone from six bucks around the s.e.c. probe time, $11.33 and actually gave back after hours, really effectively what it gained today. the stock still looks some what bull proof -- >> really? >>...
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Dec 6, 2012
12/12
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CSPAN2
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eye 125
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south china sea. again, we initiated this from the staff members in our office. i could go on. let me just say that the other areas, important areas that our staff have worked on in the past six years include our pioneering work and economic fairness, the need for stronger programs in the areas of adult education, the efforts from inside our office to encourage a full spectrum of energy development, the preservation of civil war battlefields and the vital need to rebalance the constitutional relationship between the congress and the presidency, which i have pursued in both administrations that have been in office while i have been a member of the united states senate. and at this point, because i really will not have time to list all of the contributions by my staff members, i would ask unanimous consent, mr. president, the names and the positions of my staff members be entered into the record at this point. the presiding officer: without objection, so ordered. mr. webb: thank you, mr. president. and
south china sea. again, we initiated this from the staff members in our office. i could go on. let me just say that the other areas, important areas that our staff have worked on in the past six years include our pioneering work and economic fairness, the need for stronger programs in the areas of adult education, the efforts from inside our office to encourage a full spectrum of energy development, the preservation of civil war battlefields and the vital need to rebalance the constitutional...
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wages have gone up dramatically in china. we will benefit from that as well. be careful what you ask for. do we really want a whole bunch of four dollars jobs in america, the answer is, no. connell: thank you, charles. great stuff, as always. the irs wants back taxes from amazon. dagen: no shame. one of the most popular places to do your holiday shopping. that is exactly the video we picked that we are going to tell you about coming up. just make sure this is not a public restroom, please. [ laughter ] ♪ there is no mass-produced human. every human being is unique. and there is one store that recognizes it. the sleep nuer store. thonly place in the world you'll find the extraordinarily comfortable slp number experiee. an exclusive collection of innovations that totally individualize your sleep. perfectly comfortable pillows that adjust to yourize d shape. temperature-balancing bedding. dual warmth comforters. all designed around the sleep number bed: a bed with dual-air technology that allows you to adjust to the support your body needs. each of your bodie i
wages have gone up dramatically in china. we will benefit from that as well. be careful what you ask for. do we really want a whole bunch of four dollars jobs in america, the answer is, no. connell: thank you, charles. great stuff, as always. the irs wants back taxes from amazon. dagen: no shame. one of the most popular places to do your holiday shopping. that is exactly the video we picked that we are going to tell you about coming up. just make sure this is not a public restroom, please. [...
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china's going to allow foreign visitor to stay in way ginning for -- beijing for three days if they're heading into another country. but you have to buy a lot of stuff. [laughter] console, energy and qt production company have submitted multimillion dollar bids to drill for natural gas and oil on land surrounding pittsburgh international airport. the drilling revenue would reduce gate fees which could lead to cheaper flights. pan tone which -- named emerald as 2013's color of the year. the time has come, and that's today's speed read. liz: emerald green. the parent company of the toronto stock exchange is joining forces with the maple group in a move that is enabling the company to expand it product offerings. david: tom kloet is the see crow of -- ceo of tmx group. what a pleasure to see you. you're an american, by the way. >> i am. david: they brought in an outsider. there are a lot of similarities between canada and the u.s. but some very distinct differences, and one of them involves the markets. you are the main equity and clearing facility. you have everything in one shopp right?
china's going to allow foreign visitor to stay in way ginning for -- beijing for three days if they're heading into another country. but you have to buy a lot of stuff. [laughter] console, energy and qt production company have submitted multimillion dollar bids to drill for natural gas and oil on land surrounding pittsburgh international airport. the drilling revenue would reduce gate fees which could lead to cheaper flights. pan tone which -- named emerald as 2013's color of the year. the time...
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81
Dec 20, 2012
12/12
by
FBC
tv
eye 81
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win millions of dollars of business for the pharmaceutical company in areas such as russia, brazil, china and poland. let's look to the major market average. the s&p is in the green, down and nasdaq pulling back a little bit. we are seeing drug index overall under pressure, eli lilly is likely to be in that index and banking index is higher so that is looking good. cheryl: thank you very much, see you at the top of the hour. if you are looking for that last-minute specialty gift brook stone might be on your list. how are they competing in the online space? the president and ceo is here. dennis: in time for a few last-minute gifts. let's look at today's winners. cheryl: what do you want? tell me now. [ male announcer ] ou are a business pro. omnipotent of opportunity. you know how to mix business... with business. and you...rent from national. because only national lets you choose any car in the aisle. and go. you can even take a full-size or above. and still pay the mid-size price. i could get used to this [ male announcer ] yes, you could business pro. yes, you could. go national. go lik
win millions of dollars of business for the pharmaceutical company in areas such as russia, brazil, china and poland. let's look to the major market average. the s&p is in the green, down and nasdaq pulling back a little bit. we are seeing drug index overall under pressure, eli lilly is likely to be in that index and banking index is higher so that is looking good. cheryl: thank you very much, see you at the top of the hour. if you are looking for that last-minute specialty gift brook stone...
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165
Dec 31, 2012
12/12
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CSPAN
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eye 165
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on china. we're talking already about the chinese economic slowdown, and i think this is a major moment for -- a major moment for development thinking. the idea of the authoritarian growth miracle that china has done so much to promote is really over at this point. let me give you a couple insights as to why it might be over. the first is that authoritarian groschen miracles don't last. hall asked a question of you. how many of you have heard about the togalese growth miracle? raise your hand if you have heard of that? i thought we would have more in the audience. the reason you have not heard of it is that it only allows from 1960 until 1975, when things did not go that well. the point of the example is that they don't last. they go on for a while and systems are prone to booma nd bust. -- boom and bust. we keep thinking the chinese one is going to last forever. this is going to last forever. it is going to slow down a lot more. why does that give us insight into the grove miracle? let me take
on china. we're talking already about the chinese economic slowdown, and i think this is a major moment for -- a major moment for development thinking. the idea of the authoritarian growth miracle that china has done so much to promote is really over at this point. let me give you a couple insights as to why it might be over. the first is that authoritarian groschen miracles don't last. hall asked a question of you. how many of you have heard about the togalese growth miracle? raise your hand...
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80
Dec 10, 2012
12/12
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CSPAN
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eye 80
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guest: the caller is correct when he talks about china. they are just barely beginning to use aircraft carriers and things like this. they are much more focused at home. it is of concern a rise in china but not at the level of the united states. that is a concern. it is a time for real debate in this country about where we go. it is time to relook at our national priorities. everybody thinks the pentagon is on the table. host: that is why we are focusing on this morning, focusing in on the pentagon and sequestration. that call it put the figure of the wars at $300 billion. guest: i think it is higher. it probably goes higher than that number. host: overall? guest: the oco funding got up to about $170 billion at its highest point. it is well in excess of $300 billion. we are probably talking close to a trillion dollars, depending on how you do the math. host: paul, are you in the military? caller: retired. host: go ahead. caller: we had a certain amount of money we had to spend on repair ports every quarter. we were told if you do not spend
guest: the caller is correct when he talks about china. they are just barely beginning to use aircraft carriers and things like this. they are much more focused at home. it is of concern a rise in china but not at the level of the united states. that is a concern. it is a time for real debate in this country about where we go. it is time to relook at our national priorities. everybody thinks the pentagon is on the table. host: that is why we are focusing on this morning, focusing in on the...
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151
Dec 26, 2012
12/12
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CNBC
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eye 151
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government is put on a negative watch by china? by china? the credit rating agency in china put them on the u.s. government debt on a negative rating at this point. negative watch. this, of course, was supposedly independent rating agency created in china to try to rival moody's and s&p and fitch's. that's getting interesting play out there. their independence, of course, greatly in question. guys, back to you. >> bob, get a lozenge, will you? >> sorry about that. >> let's head to the pits. good morning, rick. >> good morning, melissa lee. well, no surprise we're still hovering in the 170s in the ten-year. but maybe something interesting. you know, on the floor we call it the growth dividend. if you look at a chart for our ten-year starting on july 26th, and i pick july 26th because that was mario draghi's big day. he said anything it takes. as you look at our rates over that period, then look at the boon rates over that period. you can see that the growth/disparity, our yields are higher in that formation than boon yields, because even thou
government is put on a negative watch by china? by china? the credit rating agency in china put them on the u.s. government debt on a negative rating at this point. negative watch. this, of course, was supposedly independent rating agency created in china to try to rival moody's and s&p and fitch's. that's getting interesting play out there. their independence, of course, greatly in question. guys, back to you. >> bob, get a lozenge, will you? >> sorry about that. >> let's...
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Dec 30, 2012
12/12
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CSPAN
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if steve jobs was born in china, he would not even have a garage. we do not do enough for the people of this country or the people in a position to create jobs. data reinvest and i do not think that they should get tax breaks. creating jobs here, not overseas. host: joshua gordon? guest: i think a part of your frustration, many talk about fixing it in a mutual way. which had nothing to the deficit discussion and does not help to make lowering the deficits any easier. there are some things we need to change. in general we need to realize that if we set the country on the right path and make the right investments in technology and education, making sure we do not cut the necessary programs to do the growth, you have to make that a priority. we will be able to grow with the global economy. manufacturing has already come back to some degree. i know that apple is moving a couple of production facilities back to the united states from china. the real key is making sure that we are continuing to invest in those kinds of investments. we should also realize
if steve jobs was born in china, he would not even have a garage. we do not do enough for the people of this country or the people in a position to create jobs. data reinvest and i do not think that they should get tax breaks. creating jobs here, not overseas. host: joshua gordon? guest: i think a part of your frustration, many talk about fixing it in a mutual way. which had nothing to the deficit discussion and does not help to make lowering the deficits any easier. there are some things we...
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256
Dec 22, 2012
12/12
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MSNBCW
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eye 256
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look at china. look at what they are doing to school kids in china today with aged weapons do. we register those? >> although the lethality is different there. >> how many were killed most recently in china? >> 27 were stabbed and they all survived. none died. >> they have other lethal ones as well. >> there were several multiple killings with -- >> we'll return to this topic tomorrow and talk about regulation. but i would love to have you both back at the table and you guys as well. ta-nehesi coates, richard lucibella, haley elkins and jackie hilly. thank you. look, if you have copd like me, you know it can be hard to breathe, and how that feels. copd includes chronic bronchitis and emphysema. spiriva helps control my copd symptoms by keeping my airways open for 24 hours. plus, it reduces copd flare-ups. spiriva is the only once-daily inhaled copd maintenance treatment that does both. spiriva handihaler tiotropium bromide inhalation powder does not replace fast-acting inhalers for sudden symptoms. tell your doctor if you have kidney problems, glaucoma, trouble urinating, or an
look at china. look at what they are doing to school kids in china today with aged weapons do. we register those? >> although the lethality is different there. >> how many were killed most recently in china? >> 27 were stabbed and they all survived. none died. >> they have other lethal ones as well. >> there were several multiple killings with -- >> we'll return to this topic tomorrow and talk about regulation. but i would love to have you both back at the...
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Dec 4, 2012
12/12
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CSPAN
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eye 138
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we also have an economic competitor and a partner in china. they have a voracious appetite for natural resources and we're looking at new ways to get these in our own backyard, and maybe i will ask you this question, admiral. how important is the china factor in america energy program's going forward? >> i will talk to doubt, but i would like to mention a few puffs things about this report that may not have come out in your opening remarks. we definitely advocating opening of drilling in the united states where we cannot, but there is a very strong part of this report that says it has to be done safely and we know how to do it safely. that is one contribution of those of us who have served in the armed forces, we do a lot of dangerous stuff in the armed forces, fuel, nuclear power, explosives. the way we do that safely is a high standards, rigid enforcement, and very professional inspectors to do it. we strongly recommend applying this model to regulatory body so that we can do this safely, so that we can do oil retractions safely. that we can
we also have an economic competitor and a partner in china. they have a voracious appetite for natural resources and we're looking at new ways to get these in our own backyard, and maybe i will ask you this question, admiral. how important is the china factor in america energy program's going forward? >> i will talk to doubt, but i would like to mention a few puffs things about this report that may not have come out in your opening remarks. we definitely advocating opening of drilling in...
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Dec 8, 2012
12/12
by
CNNW
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eye 147
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what's at stake with that with jeffrey toobin next. [ male announcer ] how can power consumption in china, impact wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. with less chronic osteoarthritis pain. imagine living your life with less chronic low back pain. imagine you, with less pain. cymbalta can help. cymbalta is fda-approved to manage chronic musculoskeletal pain. one non-narcotic pill a day, every day, can help reduce this pain. tell your doctor right away if your mood worsens, you have unusual changes in mood or behavior or thoughts of suicide. antidepressants can increase these in children, teens, and young adults. cymbalta is not approved for children under 18. people taking maois
what's at stake with that with jeffrey toobin next. [ male announcer ] how can power consumption in china, impact wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information,...
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Dec 1, 2012
12/12
by
CSPAN
tv
eye 99
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i don't know what will happen in china. i tell believe that 1.3 billion people are going to be satisfied forever under the present regime in which they live. it seems to me it's even more important that we have certain principles guiding us. i want to emphasize again and that it does not mean we go everywhere, fight every battle, pullout are pestilent every provocation. it has to be tempered by reality and it has to be tempered by the fact that we are democracies and we have to have our people behind us. jolie where my people are going so i can get out in front in them. -- show me where my people are going. [laughter] i think it was voltaire. i'm not sure. maybe both. >> next question. i neglected to call my duties as a moderator. if you would please stand, give us your name and organization and represent and then ask your question. >> cameron from canada. i work for research in motion, but that is not relevant. my question is the discussion was about the special board of nato countries and those closely aligned, australia,
i don't know what will happen in china. i tell believe that 1.3 billion people are going to be satisfied forever under the present regime in which they live. it seems to me it's even more important that we have certain principles guiding us. i want to emphasize again and that it does not mean we go everywhere, fight every battle, pullout are pestilent every provocation. it has to be tempered by reality and it has to be tempered by the fact that we are democracies and we have to have our people...
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Dec 14, 2012
12/12
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if you look at china in particular, they are now looking at corporate bonds and alternative investments within u.s. treasury securities because they don't like what they see and understandably so. so we are living on borrowed time. we've created another bubble in my view is the reason the fed is doing a kissimmee and it was changed to where they have to be concerned with short-term employment. in the absence of the deck unsustainable over time. >> the most successful fiscal consolidations in the developed democratic world occurred in canada in the mid-1990s. i frankly asked canadian politicians, how did she do it? because the public wind from cheering on spending two and a set deficits within a matter of a year or two so that governments in canada now with some peril if they don't balance the budget. the answer you most frequently to do so they have to do was say that 40% of revenues was going to pay the interest bill and the canadian debt. the public immediately realized i was not a great idea and became strongly against increasing the debt further. we can't make that argument for othe
if you look at china in particular, they are now looking at corporate bonds and alternative investments within u.s. treasury securities because they don't like what they see and understandably so. so we are living on borrowed time. we've created another bubble in my view is the reason the fed is doing a kissimmee and it was changed to where they have to be concerned with short-term employment. in the absence of the deck unsustainable over time. >> the most successful fiscal consolidations...